high standard limited

2

high standard limited Company Information

Share HIGH STANDARD LIMITED
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Company Number

03030096

Registered Address

1 summer street, rochdale, lancashire, OL16 1SY

Industry

Manufacture of other wearing apparel and accessories

 

Telephone

01706638131

Next Accounts Due

December 2024

Group Structure

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Directors

Mahmood Ulhasan25 Years

Shareholders

mahmood ulhasan 50%

rehan mahmood 50%

high standard limited Estimated Valuation

£879k

Pomanda estimates the enterprise value of HIGH STANDARD LIMITED at £879k based on a Turnover of £1.9m and 0.46x industry multiple (adjusted for size and gross margin).

high standard limited Estimated Valuation

£115.3k

Pomanda estimates the enterprise value of HIGH STANDARD LIMITED at £115.3k based on an EBITDA of £25.4k and a 4.54x industry multiple (adjusted for size and gross margin).

high standard limited Estimated Valuation

£2.3m

Pomanda estimates the enterprise value of HIGH STANDARD LIMITED at £2.3m based on Net Assets of £611.4k and 3.83x industry multiple (adjusted for liquidity).

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High Standard Limited Overview

High Standard Limited is a live company located in lancashire, OL16 1SY with a Companies House number of 03030096. It operates in the manufacture of other wearing apparel and accessories n.e.c. sector, SIC Code 14190. Founded in March 1995, it's largest shareholder is mahmood ulhasan with a 50% stake. High Standard Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.9m with low growth in recent years.

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High Standard Limited Health Check

Pomanda's financial health check has awarded High Standard Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2out of 5
positive_score

1 Strong

positive_score

4 Regular

positive_score

7 Weak

size

Size

annual sales of £1.9m, make it smaller than the average company (£10.1m)

£1.9m - High Standard Limited

£10.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (3.8%)

1% - High Standard Limited

3.8% - Industry AVG

production

Production

with a gross margin of 27.1%, this company has a higher cost of product (35.6%)

27.1% - High Standard Limited

35.6% - Industry AVG

profitability

Profitability

an operating margin of 0.9% make it less profitable than the average company (6.5%)

0.9% - High Standard Limited

6.5% - Industry AVG

employees

Employees

with 11 employees, this is below the industry average (37)

11 - High Standard Limited

37 - Industry AVG

paystructure

Pay Structure

on an average salary of £34k, the company has an equivalent pay structure (£34k)

£34k - High Standard Limited

£34k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £174.4k, this is equally as efficient (£180.9k)

£174.4k - High Standard Limited

£180.9k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 111 days, this is later than average (43 days)

111 days - High Standard Limited

43 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 169 days, this is slower than average (39 days)

169 days - High Standard Limited

39 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 137 days, this is in line with average (134 days)

137 days - High Standard Limited

134 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (9 weeks)

0 weeks - High Standard Limited

9 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 54%, this is a similar level of debt than the average (52.7%)

54% - High Standard Limited

52.7% - Industry AVG

high standard limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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High Standard Limited Competitor Analysis

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high standard limited Ownership

HIGH STANDARD LIMITED group structure

High Standard Limited has no subsidiary companies.

Ultimate parent company

HIGH STANDARD LIMITED

03030096

HIGH STANDARD LIMITED Shareholders

mahmood ulhasan 50%
rehan mahmood 50%

high standard limited directors

High Standard Limited currently has 1 director, Mr Mahmood Ulhasan serving since Oct 1998.

officercountryagestartendrole
Mr Mahmood UlhasanEngland68 years Oct 1998- Director

HIGH STANDARD LIMITED financials

EXPORTms excel logo

High Standard Limited's latest turnover from March 2023 is estimated at £1.9 million and the company has net assets of £611.4 thousand. According to their latest financial statements, High Standard Limited has 11 employees and maintains cash reserves of £3.6 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover1,918,2462,266,7221,840,9741,882,8921,574,3271,601,8091,444,2122,095,7781,977,0501,672,1501,338,6671,733,4451,172,013903,839
Other Income Or Grants00000000000000
Cost Of Sales1,398,4641,668,8881,414,8731,381,6101,230,2451,257,3391,120,0041,598,5601,511,4511,284,1091,026,8781,296,982875,875690,013
Gross Profit519,781597,834426,101501,282344,083344,470324,208497,219465,599388,040311,789436,463296,138213,827
Admin Expenses502,919526,484365,124514,088307,616332,776360,789473,384443,916370,954321,504434,125312,080-463,691
Operating Profit16,86271,35060,977-12,80636,46711,694-36,58123,83521,68317,086-9,7152,338-15,942677,518
Interest Payable00009,0138,68000000000
Interest Receivable17731475630416028532412076175392241
Pre-Tax Profit17,04071,38060,981-12,79927,5103,319-36,42124,12022,00817,205-9,6392,514-15,550677,760
Tax-3,238-13,562-11,5860-5,227-6310-4,824-4,622-3,9570-6540-189,773
Profit After Tax13,80257,81849,395-12,79922,2832,688-36,42119,29617,38613,248-9,6391,860-15,550487,987
Dividends Paid00000000000000
Retained Profit13,80257,81849,395-12,79922,2832,688-36,42119,29617,38613,248-9,6391,860-15,550487,987
Employee Costs373,843406,476378,070216,168210,265465,335424,522182,476168,662139,086117,851134,849129,190100,371
Number Of Employees1113137715156654554
EBITDA*25,42580,78371,671-51848,72925,174-21,37741,65638,70935,008-2,4766,391-10,895683,743

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets203,116204,629213,995224,689236,643246,210257,698272,486277,140285,786249,93447,37252,03058,116
Intangible Assets00000000000000
Investments & Other00000000000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets203,116204,629213,995224,689236,643246,210257,698272,486277,140285,786249,93447,37252,03058,116
Stock & work in progress525,823591,500385,450613,000537,000483,000440,505629,235521,150544,000556,000426,000520,676373,000
Trade Debtors588,134773,051617,402462,171453,184524,391347,002395,230361,543284,124235,136371,644182,517169,912
Group Debtors00000000000000
Misc Debtors7,4056,9106,4755,56420,818000000000
Cash3,6284,7153,4275,0719,4475,581116,19511,468102,33627,41520,4639,98460,19996,523
misc current assets000000054,00054,00054,00064,00064,00075,00075,000
total current assets1,124,9901,376,1761,012,7541,085,8061,020,4491,012,972903,7021,089,9331,039,029909,539875,599871,628838,392714,435
total assets1,328,1061,580,8051,226,7491,310,4951,257,0921,259,1821,161,4001,362,4191,316,1691,195,3251,125,533919,000890,422772,551
Bank overdraft00000175,93700000000
Bank loan00000000000000
Trade Creditors 648,763863,944570,288743,090663,534382,710572,879723,902693,142581,150524,988442,632415,859282,438
Group/Directors Accounts00000000000000
other short term finances00000000000000
hp & lease commitments00000000000000
other current liabilities00000120,55400000000
total current liabilities648,763863,944570,288743,090663,534679,201572,879723,902693,142581,150524,988442,632415,859282,438
loans0000091,12600000000
hp & lease commitments00000000000000
Accruals and Deferred Income1,532404,0403,0381,8630009,55810,0481,8992,04900
other liabilities62,370115,182108,60068,83282,012276102,630114,349118,155126,199133,966000
provisions4,0654,0654,0655,1746,5237,7027,7029,55800002,1042,104
total long term liabilities67,967119,287116,70577,04490,39899,104110,332123,907127,713136,247135,8652,0492,1042,104
total liabilities716,730983,231686,993820,134753,932778,305683,211847,809820,855717,397660,853444,681417,963284,542
net assets611,376597,574539,756490,361503,160480,877478,189514,610495,314477,928464,680474,319472,459488,009
total shareholders funds611,376597,574539,756490,361503,160480,877478,189514,610495,314477,928464,680474,319472,459488,009
Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit16,86271,35060,977-12,80636,46711,694-36,58123,83521,68317,086-9,7152,338-15,942677,518
Depreciation8,5639,43310,69412,28812,26213,48015,20417,82117,02617,9227,2394,0535,0476,225
Amortisation00000000000000
Tax-3,238-13,562-11,5860-5,227-6310-4,824-4,622-3,9570-6540-189,773
Stock-65,677206,050-227,55076,00054,00042,495-188,730108,085-22,850-12,000130,000-94,676147,676373,000
Debtors-184,422156,084156,142-6,267-50,389177,389-48,22833,68777,41948,988-136,508189,12712,605169,912
Creditors-215,181293,656-172,80279,556280,824-190,169-151,02330,760111,99256,16282,35626,773133,421282,438
Accruals and Deferred Income1,492-4,0001,0021,175-118,691120,5540-9,558-4908,149-1502,04900
Deferred Taxes & Provisions00-1,109-1,349-1,1790-1,8569,558000-2,10402,104
Cash flow from operations58,597-5,257-41,4169,131200,845-264,95662,702-74,18091,02058,37486,238-61,996-37,755235,600
Investing Activities
capital expenditure-7,050-670-334-2,695-1,992-416-13,167-8,380-53,774-209,8016051,039-64,341
Change in Investments00000000000000
cash flow from investments-7,050-670-334-2,695-1,992-416-13,167-8,380-53,774-209,8016051,039-64,341
Financing Activities
Bank loans00000000000000
Group/Directors Accounts00000000000000
Other Short Term Loans 00000000000000
Long term loans0000-91,12691,12600000000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities-52,8126,58239,768-13,18081,736-102,354-11,719-3,806-8,044-7,767133,966000
share issue000000000000022
interest1773147-8,957-8,37616028532412076175392241
cash flow from financing-52,6356,61339,772-13,173-18,347-19,604-11,559-3,521-7,720-7,647134,042175392263
cash and cash equivalents
cash-1,0871,288-1,644-4,3763,866-110,614104,727-90,86874,9216,95210,479-50,215-36,32496,523
overdraft0000-175,937175,93700000000
change in cash-1,0871,288-1,644-4,376179,803-286,551104,727-90,86874,9216,95210,479-50,215-36,32496,523

P&L

March 2023

turnover

1.9m

-15%

operating profit

16.9k

0%

gross margin

27.1%

+2.74%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2023

net assets

611.4k

+0.02%

total assets

1.3m

-0.16%

cash

3.6k

-0.23%

net assets

Total assets minus all liabilities

high standard limited company details

company number

03030096

Type

Private limited with Share Capital

industry

14190 - Manufacture of other wearing apparel and accessories

incorporation date

March 1995

age

29

accounts

Unaudited Abridged

ultimate parent company

None

previous names

N/A

incorporated

UK

address

1 summer street, rochdale, lancashire, OL16 1SY

last accounts submitted

March 2023

high standard limited Charges & Mortgages

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 4 charges/mortgages relating to high standard limited. Currently there are 3 open charges and 1 have been satisfied in the past.

charges

high standard limited Companies House Filings - See Documents

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